Type | Announcement |
Subject | OTHERS |
Description |
EKOVEST BERHAD (Ekovest) Receipt of letter of acceptance from Dewan Bandaraya Kuala Lumpur (DBKL) for proposed improvement and beautification works and the construction of the Interceptor system and related works under the River of Life project. |
Ekovest is pleased to announce that our wholly-owned subsidiary, EkoRiver Construction Sdn Bhd (formerly known as Ekovest-MRCB Construction Sdn Bhd), had, on 8 November 2016, received a letter of acceptance from DBKL for the proposed improvement and beautification works at the following nodes:-
and the construction of an Interceptor system and related works to improve the river water quality including the water treatment system along the Sungai Gombak and Sungai Klang under the River of Life project (“Works”). The total contract sum for the Works is RM157,250,000.00 excluding Goods and Service Tax (“GST”) and the completion period for the Works is for 104 weeks. The Works is expected to contribute positively to the future revenue and earnings of Ekovest Berhad and its subsidiaries (“Ekovest Group”). The Works is subject to normal construction risks in which the Ekovest Group are already exposed to. Nonetheless, the construction risks will be managed and mitigated with the experience and expertise of the Ekovest Group to complete construction projects. None of the directors or substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Works. This announcement is dated 8 November 2016. |
Company Name | EKOVEST BERHAD |
Stock Name | EKOVEST |
Date Announced | 08 Nov 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-08112016-00039 |